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BFW 11/12 07:53 *NORSK HYDRO RAISED TO ARCTIC BUY AT ARCTIC SECURITIES
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Vale’s Stake Sale Removes One Key Uncertainty for Hydro: Arctic 2013-11-12 08:13:32.445 GMT
By Stephen Treloar Nov. 12 (Bloomberg) -- Potential Vale divestment has represented key uncertainty for long period of time, Arctic Securities analyst Thomas Lorck says in note. * Norsk Hydro ‘well on track’ to deliver on cost cutting program * Upgraded to ‘Arctic Buy’ on improved risk/reward at NK25/shr Link to Company News:{NHY NO <Equity> CN <GO>}
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To contact the editor responsible for this story: Stephen Treloar at +47-22-00-8211 or streloar1@bloomberg.net